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The Directors Service Agreement is a crucial document used when appointing new directors or formalizing existing director relationships within Belgian companies. This agreement is essential for establishing clear terms of service, governance requirements, and mutual obligations between a company and its directors under Belgian law. It must comply with the Belgian Companies and Associations Code, corporate governance regulations, and relevant EU directives. The document typically includes comprehensive details about appointment terms, remuneration, duties, confidentiality obligations, and termination provisions. It's particularly important in ensuring proper corporate governance, protecting both the company's and director's interests, and maintaining compliance with Belgian legal and regulatory requirements. The agreement serves as a fundamental reference point for the director-company relationship throughout the term of service.

1. Parties: Identification of the company and the director, including full legal names and addresses

2. Background: Context of the appointment, including company details and the basis for the director's appointment

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Terms of appointment, duration, and any renewal provisions

5. Duties and Responsibilities: Detailed description of the director's roles, duties, and obligations under Belgian law

6. Time Commitment: Expected time dedication to the role and availability requirements

7. Remuneration: Details of fees, payment terms, and any variable compensation

8. Expenses: Provisions for reimbursement of reasonable expenses

9. Confidentiality: Obligations regarding confidential information and trade secrets

10. Corporate Governance: Compliance with corporate governance requirements and company policies

11. Conflicts of Interest: Procedures for declaring and handling conflicts of interest

12. Termination: Grounds and procedures for termination of the agreement

13. Post-Termination Obligations: Continuing obligations after the agreement ends

14. Data Protection: GDPR compliance and data protection obligations

15. Notices: Methods and addresses for formal communications

16. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction